Permit holders allowed to buy unregistered vehicles locally

Saturday, 29 August 2020 00:12 - - {{hitsCtrl.values.hits}}

The Ministry of Finance has introduced a scheme which will enable public officials who are eligible for a vehicle permit to use it to purchase unregistered vehicles locally.

The Ministry of Finance issued a circular numbered 01/2020 yesterday, which introduces the scheme for eligible public officials.

Issuing a press release, the ministry explained that the scheme would enable a permit holder to deduct the value of the permit from the market price of a vehicle in stock from authorised dealers or an importer with excess stock.

Permits issued under the State Administration Circular no 22/99 (Amended) and Market and Investment Policies circular number 01/2018 (Amended) will be eligible for the new scheme.

The Finance Ministry will reimburse the value of the permit to the vehicle dealers or importers.